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Dec 14, 2012 2:00am PST
tax on the wealthy should be part of any fiscal deliver deal. for more, let's bring in edward kenard, former partner of bain capital and perhaps the most famous private equity firm in history. also the author of "unintended consequences," why everything you've been told about the economy is wrong. and columnist for "harper's" magazine and author of "the age of greed," thank you both for joining me tonight. look ed, i want to quote from an article you wrote just a couple of days ago that was published on bloomberg. the u.s. is holding debate critical to its future, whether it is a tax redistribute and consume income that would otherwise be invested. i disagree with that statement. that premise. please explain why the trade-off is being made. do it quickly because i want him to respond. >> the top 5 pg&e of households save about 40% of their income. and so that's really the income that would be invested so when you tax that -- those households, you're really taxing the households that produce the equity, invest the equity and hold the equity in our economy. that underwrites the risk. t
Search Results 0 to 1 of about 2 (some duplicates have been removed)